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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
US TSY FUTURES
The latest CFTC CoT showed non-commercials setting fresh shorts in all contracts outside of UXY, which saw a trimming of net shorts.
- Within investor subcategories, hedge funds added to shorts in most contracts, although covered some existing shorts in FV & UXY futures.
- Asset managers generally added to net longs, although trimmed existing longs in both UXY & WN futures.
- While the reporting period covered the most recent NFP release, it didn’t capture last week’s CPI report, nor the reaction to the dovish Fed press reports from the likes of the WSJ & FT, which reasserted more balanced odds of a 50bp cut at this week's FOMC.
- A reminder that CFTC positioning metrics will be skewed by basis trades.
Source: MNI - Market News/CFTC/Bloomberg
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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